Russia may impose a recycling fee on scrapped electronic products to help develop the domestic microelectronics industry

According to Russia's Kommersant newspaper, the country's microelectronics industry development plan is nearing completion. It is estimated that by 2030, about 2.74 trillion rubles (about 270 billion yuan) of financial support will be needed, of which about one-third of the budget will be difficult to implement and will require additional fiscal revenue support.

The newspaper said that a possible source of funds would be to impose additional scrapping and recycling fees on consumer electronics and computer equipment. Referring to similar policies previously imposed on imported cars, the recycling fees would be collected at the import and sales stages of the products, which is expected to increase the burden on consumers.